Peraso Stock Price, News & Analysis

Peraso Inc. (NASDAQ:PRSO) has unveiled its PERSPECTUS family of modules designed for high-capacity Fixed Wireless Access (FWA) in the unlicensed 60 GHz spectrum. This new generation of integrated modules allows for cost-effective network equipment development, supporting link ranges from 1.5 to 30 kilometers. With the WISP market expanding significantly, the PERSPECTUS systems aim to improve customer acquisition costs for service providers. Key features include support for up to 32 endpoints and enhanced 802.11ad protocol for efficient data transmission.

Peraso Inc. (NASDAQ:PRSO) reported its fourth quarter and full year 2021 financial results, showcasing a year-over-year product revenue increase of over 6x. Total net revenue for the fourth quarter was $1.9 million, compared to $5.9 million in Q4 2020. The gross margin fell to 30.4% from 89.2% due to a change in revenue mix. For 2021, total net revenue was $5.7 million, down from $9.1 million in 2020. The company reported a GAAP net loss of $10.9 million for the year. Management remains optimistic about growth opportunities in the mmWave market.

Peraso Inc. (NASDAQ:PRSO) announced it will release its fourth quarter 2021 financial results on March 8, 2022, after market close. CEO Ron Glibbery and CFO Jim Sullivan will lead a live audio webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can access a replay of the call until March 15, 2022. Peraso specializes in 5G mmWave wireless technology, providing solutions for applications like fixed wireless access and multi-access edge computing.

Peraso Inc. (NASDAQ:PRSO) announced the launch of its 60 GHz mmWave platform designed for wireless applications in the Metaverse. This platform integrates 60 GHz wireless modules, 802.11ad/ay ICs, advanced phased array antennas, and the Falcon software stack, ensuring multi-gigabit data rates and ultra-low latency. Key features include seamless roaming between access points and support for a high number of simultaneous users. Peraso aims to enhance multi-user experiences in gaming, training, and collaborative environments as demand for Metaverse applications grows.

Peraso Inc. (NASDAQ:PRSO) addressed concerns regarding 5G mmWave technology's interference with aircraft radar altimeters. Recent reports focused on C-Band spectrum interference, which affects frequencies around 4.0 GHz. However, Peraso's mmWave technology operates above 24 GHz, posing no risk to aircraft safety. The company emphasizes mmWave's high capacity and speed, making it ideal for congested airport environments. With US carriers targeting major airports for mmWave deployment, Peraso aims to enhance wireless connectivity for users. The growing adoption of mmWave technology is expected to differentiate US carriers in the competitive market.

Peraso Inc. (NASDAQ:PRSO) announced that its subsidiary, Peraso Technologies, successfully tested the PTP6151 mmWave radio unit for 5G backhaul, in collaboration with Jaguar Wave and China Unicom. The tests achieved consistent data rates of 990 Mbps over distances of 850 meters, even under challenging weather conditions. This endorsement by China Unicom allows Peraso to supply its equipment for the telecom network in China, further supporting the country's aggressive 5G rollout. The X720 chipset is now available immediately from Peraso.

Peraso Inc. (NASDAQ:PRSO) announced a significant milestone with a US$3M purchase order from a tier 1 fixed wireless OEM for its PRM2140X 802.11ad mmWave phased array modules. This purchase highlights the introduction of a new point-to-multipoint (PtMP) module designed for long-range outdoor applications, which will reduce deployment costs for wireless carriers. The PRM2140X modules cover an unlicensed spectrum of 57GHz to 71GHz, optimizing performance at competitive price points. This is supported by the Falcon-X Infrastructure MAC software platform.

Peraso, Inc. has successfully completed its business combination with Peraso Technologies Inc., positioning the new entity for significant growth in the 5G sector. Expected to trade on Nasdaq under the ticker symbol PRSO starting December 20, 2021, the combined company aims to leverage its strengths in 5G mmWave technology and data intelligence. CEO Ron Glibbery emphasized the opportunity to support global 5G deployment, enhance traffic management across networks, and target high-growth markets with comprehensive hardware and software solutions.

MoSys, Inc. has completed a business combination with Peraso Technologies Inc., forming Peraso Inc., which will begin trading on Nasdaq under the ticker PRSO on December 20, 2021. This merger positions the company to seize significant growth opportunities in the 5G market, leveraging their expertise in millimeter wave and data intelligence technologies. CEO Ron Glibbery emphasized the potential of the combined entity to enhance its offerings and play a pivotal role in the expanding 5G ecosystem, addressing global demands for advanced wireless spectrum utilization.